Form 990, Part VI, Section B, Line 11 |
Process used to review form 990 |
The 990 is prepared and reviewed by an independent public accounting firm and then it is reviewed by the College's Accounting Manager, the chief financial Officer and the chief executive officer. The final copy of the 990 is distributed to members of the board of trustees before filing. |
Form 990, Part VI, Section B, Line 12c |
Enforcement and monitoring of conflict of interest policy |
The conflict of interest policy is signed by all members of the board, officers and key employees. Members of the board of trustees sign at the beginning of their tenure, and at other times that management deems necessary. Officers, key employees and others sign the conflict of interest policy at the initial hiring process, upon orientation. The conflict of interest form consists of four basic questions with the instruction to elaborate should any response yield a positive answer. Should any of the responses pose a potential problem, the manager of human resources will immediately inform the vice president of administration. The vice president of administration will take one of several courses: 1 - Make a determination that there is no real problem, and if not, a note will be placed in the employee's file. 2 - In case of determination of a potential problem, the vice president of administration immediately brings it to the attention of the president and chief executive officer for appropriate action. If it becomes known that an employee lied on his/her conflict of interest form, or any other documents, he/she may be terminated immediately. Employees are reminded at the time of orientation that should any change in status take place, they are to immediately inform human resources. On occasion, the college has sent out reminders to all employees and asked for updated forms. |
Form 990, Part VI, Section B, Line 15 |
Process for determining compensation |
The board of trustees of the New York College of Podiatric Medicine maintains a compensation committee, whose function is to determine appropriate compensation for the President & Chief Executive Officer. The chairman of the board of trustees, in conjunction with the compensation committee, with or without input from independent consultants, presents to the board the recommendation for the President & Chief Executive Officer's compensation. The entire board then deliberates and votes on the recommendation. The Board's decision on the matter is forwarded to the cfo and Vice President of Administration for action. For officers, key employees and other personnel, the office of the Vice President of Administration will gather information (Jaffe and Company, higheredjobs.com, Bureau of Labor Statistics and other sources) and present to the President at such times that salaries are to be reviewed. The final decision is made by the President with input from the cfo for budgetary reasons. In summary, the organization's President & Chief Executive Officer's and top officer's compensations are reviewed based on comparability data and careful deliberation by either the chairman of the board and the compensation committee or the president and his senior officers. Only the President maintains a written contract from the Board of Trustees. The executive Vice President maintains a contract authorized by the President & Chief Executive Officer. No other officers or key employees maintain contracts, They are all at-will employees. |
Form 990, Part VI, Section C, Line 19 |
Availability of documents to the public |
The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request. |
Form 990, Part XI, Line 9 |
Other changes in net assets or fund balances |
Reserve of due from related party receivable ($2,276,398) |